Hawaiian Electric Industries, Inc. to Announce First Quarter 2012 Financial Results on May 8, 2012; American Savings Bank to Announce First Quarter 2012 Financial Results on April 30, 2012

HONOLULU, April 9, 2012 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) said today that it plans to announce its first quarter 2012 financial results on Tuesday, May 8, 2012. In addition, as a result of the Office of the Comptroller of the Currency (OCC) reporting requirements which require banks to file their financial results with the OCC within 30 days after the end of the quarter, American Savings Bank, F.S.B. (ASB), a wholly-owned indirect subsidiary of HEI, plans to announce its first quarter 2012 financial results on April 30, 2012, the expected date of its OCC filing.

The Company also announced that it has scheduled an earnings conference call beginning at 7:00 a.m.Hawaii time (1:00 p.m. Eastern time) on Wednesday, May 9, 2012.

Interested parties may listen to the conference by calling (866) 314-5050 and entering passcode: 22527679, or by listening to the webcast on HEI's website at www.hei.com. The presentation for the webcast will be on HEI's website under the headings "Investor Relations," "News & Events" and "Presentations & Webcasts." HEI and Hawaiian Electric Company, Inc. (HECO) intend to continue to use HEI's website, www.hei.com, as a means of disclosing additional information. Such disclosures will be included on HEI's website in the Investor Relations section. Accordingly, investors should routinely monitor such portions of HEI's website, in addition to following HEI's, HECO's and ASB's press releases, SEC filings and public conference calls and webcasts. The information on HEI's website is not incorporated by reference in this document or in the Company's SEC filings unless, and except to the extent, specifically incorporated by reference. Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at dms.puc.hawaii.gov/dms in order to review documents filed with and issued by the PUC. No information on the PUC website is incorporated by reference in this document or in the Company's SEC filings.

An on-line replay of the May 9, 2012 webcast will be available at the same website beginning about two hours after the event. Replays of the teleconference will also be available approximately two hours after the event through May 23, 2012, by dialing (888) 286-8010, passcode: 92305336.

HEI supplies power to over 400,000 customers or 95% of Hawaii's population through its electric utilities, HECO, Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited and provides a wide array of banking and other financial services to consumers and businesses through ASB, one of Hawaii's largest financial institutions.

Forward-Looking Statements

Statements made orally or materials presented on the above-referenced webcast/conference call may contain "forward-looking statements," which include statements that are predictive in nature, depend upon or refer to future events or conditions, and usually include words such as "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates" or similar expressions. In addition, any statements concerning future financial performance, ongoing business strategies or prospects or possible future actions are also forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and are subject to risks, uncertainties and the accuracy of assumptions concerning HEI and its subsidiaries, the performance of the industries in which they do business and economic and market factors, among other things. These forward-looking statements are not guarantees of future performance.

Forward-looking statements made orally or in materials presented on the above-referenced webcast/conference call should be read in conjunction with the "Forward-Looking Statements" discussion (which is incorporated by reference herein) set forth on pages v and vi of HEI's Annual Report on Form 10-K for the year ended December 31, 2011, and in HEI's future periodic reports that discuss important factors that could cause HEI's results to differ materially from those anticipated in such statements. Forward-looking statements speak only as of the date of the above-referenced webcast/conference call.